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After finishing at $11.71 in the prior trading day, Myers Industries Inc (NYSE: MYE) closed at $11.39, down -2.73%. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 0.74 million shares were traded. MYE stock price reached its highest trading level at $11.815 during the session, while it also had its lowest trading level at $10.81.
Ratios:
Our goal is to gain a better understanding of MYE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.12. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 1.55 whereas as Long-Term Debt/Eq ratio is at 1.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on March 02, 2023, Downgraded its rating to Market Perform and sets its target price to $23.75 from $28.50 previously.
On December 18, 2020, KeyBanc Capital Markets Upgraded its rating to Overweight which previously was Sector Weight but kept the price unchanged to $25.
Cowen Upgraded its Market Perform to Outperform on August 27, 2019, whereas the target price for the stock was revised from $20 to $22.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MYE now has a Market Capitalization of 423960864 and an Enterprise Value of 821083264. As of this moment, Myers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.43, and their Forward P/E ratio for the next fiscal year is 9.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 0.997 whereas that against EBITDA is 8.713.
Stock Price History:
Over the past 52 weeks, MYE has reached a high of $23.63, while it has fallen to a 52-week low of $11.66. The 50-Day Moving Average of the stock is -14.52%, while the 200-Day Moving Average is calculated to be -31.40%.
Shares Statistics:
The stock has traded on average 197.67K shares per day over the past 3-months and 177540 shares per day over the last 10 days, according to various share statistics. A total of 36.85M shares are outstanding, with a floating share count of 36.59M. Insiders hold about 1.70% of the company’s shares, while institutions hold 91.97% stake in the company. Shares short for MYE as of 1728950400 were 826239 with a Short Ratio of 4.18, compared to 1726185600 on 887099. Therefore, it implies a Short% of Shares Outstanding of 826239 and a Short% of Float of 3.2300000000000004.
Dividends & Splits
In the trailing 12 months, MYE’s forward annual dividend rate was 0.135, compared to 0.54 this year. Against a Trailing Annual Dividend Yield of 0.011528608The stock’s 5-year Average Dividend Yield is 3.01.
